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MarketCommodities

Cocoa Futures Is 3% Up In The Last 5 Sessions

ViaNews Editorial Team

December 11, 2023

Cocoa Futures Is 3% Up In The Last 5 Sessions

(VIANEWS) - Cocoa (CC) has been up by 3.19% for the last 5 sessions. At 16:55 EST on Monday, 11 December, Cocoa (CC) is $4,273.00.

Volume

Today's last reported volume for Cocoa is 8489, 99.92% below its average volume of 11513038.37.

Volatility

Cocoa's last week, last month's, and last quarter's current intraday variation average was a negative 2.00%, a negative 1.39%, and a positive 1.75%, respectively.

Cocoa's highest amplitude of average volatility was 2.00% (last week), 2.59% (last month), and 1.75% (last quarter), respectively.

Commodity Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Cocoa's commodity is considered to be oversold (<=20).

News about

  • Crude oil: weekly forecast 10th December - 16th December - 10 December 2023. According to DailyForex on Sunday, 10 December, "If WTI Crude Oil actually tracks lower and the 70.000 comes into view again this would be dangerous. ", "This price is near the lows Crude Oil touched on Wednesday of last week as the commodity struggled to attain any upwards mobility. "
  • According to FXStreet on Monday, 11 December, "West Texas Intermediate (WTI) Crude Oil prices edge higher during the Asian session on Monday and look to build on last week's modest recovery from the $69.00/barrel mark or the lowest level since June 29. ", "This, in turn, is seen as a key factor acting as a tailwind for Crude Oil prices. "
  • According to FXStreet on Monday, 11 December, "Additionally, the market also focuses on the API Weekly Crude Oil Stock data for the week ending on December 8, which will be closely observed on Tuesday for potential market impacts."

More news about Cocoa (CC).

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ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.